Traders use stable coins for trading, when you sell at some price you wish to have that money available for buying, if you
trade with unstable coin you can face with drop and you will have less for next purchase. Stable coins are the best for
traders, but of us holders they don't play important role, we invest in coins and we plan to hold them for longer period, with
hope that price will rise, with stable coins price will always be stable.
Topic: The use of stable coins or no? - page 7. (Read 2007 times)
I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.
You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?
I do agree with that. And the potential problem that may arise from stable coins is the actual truth about being pegged to a certain fiat currency or asset. If that stable coin has no real backing which I think most of these stable coins are only bluffing, then, it would cause problem to its users later on. When the project starts to having problems, then its customers may not get the value what they want. Bottomline, still hard to trust those stable coins, they still have the chance to go down to what it is pegged for.
I'm not sure I'm getting your post. It's already an alternative to fiat, isn't it? I mean 1 USDT for example is supposed to be 1 USD and it's easily convertible to physical cash.
You haven't got what I said. Ok, you see when a bull run comes then the price of the bitcoins will suddenly skyrocket when it reaches its full price, most of the holders will sell their bitcoins simultaneously. on that time, the network will be congested if you convert your bitcoins into fiat. so as an alternative, you have an option to sell it into stable coins then sell it later to fiat. did you get it now?
Stable coins stand an important role in preventing great loose from those who understand its usefulness in cryptocurrency industry. Many times before now, I used to swim in loose until I got to know how conversion from volatile coins to stable coins. When bitcoin went up to 14$k and take a downtrend I immediately converted my bitcoin to usdt, till now, am waiting for another uptrend before moving them back to bitcoin.
On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.
So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?
Stable coins are only useful for trading whereby you have to safe your dollar worth from decreasing in value, apart from this stable coin is of no use, bitcoin and altcoins are capable of bringing bullrun not stable coins So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?
2019 we can say this year we have witnessed more stable coins in the market and more companies, banks and even govt coming to launch stable coins in the market
I don't think I fully understand your post, is it that you are worried that another bullrun would encourage owners of bitcoin to sell their coins and this would congest the bitcoin network so you are advicing people to keep stablecoin instead so that it would be easier to convert directly to bitcoin instead of converting from fiat? If that's the case, then you might as well tell people to leave their BTC in a centralised exchange so that when they are transacting it in the bullrun, it wouldn't have a direct impact on the blockchain, but then again we all know the dangers of leaving our funds in a centralised exchange, don't we?
if he was really trying to say that owners will sell out bitcoin during the bullrun or trying to encourage this action, both are not going to happen. Those days are far behind us when people found it hard to trust bitcoin. Time has changed now. Anyone who sells away his bitcoin, is going to regret in the future. There is nothing common between bitcoin and stablecoins. This comparison is pointless. Bitcoin is the best. It is more like he is trying to shoo away bitcoin investors 
In centralized market this stable coin alone the best way to keep our fund at safe place and stable for sometime until we need that coin to changed in the exchanges.
Then for long term returns you may wait with stable for sometime and after that we can exchange that coin for BTC any other coins as per wish to make profit.
I have stopped using them for a long time. Even if the daily volume is too many times more than the marketcap, I doubt about its reliability. At anytime these stable coins that the majority rely on will turn to zero (you can do research on google.). Anyway, if you do not agree with me, you can consider it as the money you ca use on trading. Even if this is stable coin, it may be more useful. Then for long term returns you may wait with stable for sometime and after that we can exchange that coin for BTC any other coins as per wish to make profit.
Well, stablecoins can't be spent in the same stores and are not as globally accepted as fiat.
So you will almost certainly need to have fiat on-hand for something in future.
But overall, there isn't much difference between holding stablecoins and holding fiat.
You do need to consider that there are two fees to pay by using stablecoins as an intermediary though.
Crypto > Fiat = 1 fee
Crypto > Stablecoin > Fee = 2 fees
So you will almost certainly need to have fiat on-hand for something in future.
But overall, there isn't much difference between holding stablecoins and holding fiat.
You do need to consider that there are two fees to pay by using stablecoins as an intermediary though.
Crypto > Fiat = 1 fee
Crypto > Stablecoin > Fee = 2 fees
On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.
So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?
I believe you mean if we convert our Bitcoin to stable coins especially when we want to take profit during a market uptrend (or bull run), we no longer need to always convert our Bitcoin to FIAT for that purpose. That's so true if so, I've been converting my coins to USDT especially (sometimes to USDC) when I want to take profit. So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?
In centralized market this stable coin alone the best way to keep our fund at safe place and stable for sometime until we need that coin to changed in the exchanges.
Then for long term returns you may wait with stable for sometime and after that we can exchange that coin for BTC any other coins as per wish to make profit.
Then for long term returns you may wait with stable for sometime and after that we can exchange that coin for BTC any other coins as per wish to make profit.
I don't think it will be like that, because in my opinion stable coins are suitable as payment systems instead of traditional money or other methods, which is not good for investment. I prefer to choose Bitcoin for investment even though it has a very high level of fluctuation but it also brings a big profit for me. We all know the risks, to get big profits we must be prepared if we get a big loss. So, if it is associated with your opinion I think people will continue to invest in bitcoin and other altcoins, they will go hand in hand, Stable coins will also be useful in the future as a stable digital currency based payment instrument by adopting blockchain technology.
Stable coins are used wherever they are available on any cryptocurrency exchange. This is clearly seen in trading volumes in pairs with stable coins. The first and most reliable stable coin is, of course, USDT. There are many alternatives for her now, but most traders still use USDT.
USDT is a common fiat and I also exchange bitcoin for fiat when bitcoin prices are not stable. This is the same as locking our profits. Stable coins are very useful because they reduce the risk of crypto market voting. When the market has begun to improve, crypto will be exchanged again for Fiat to trade again.
Well I am pretty sure that there are no absolute stable coins even fiat currencies, precious metals are not stable. Obviously there are more or less stable fiat currencies which are enclosed in some boundaries artificially and a little aberration from such boundaries causes significant economical effects.
So, if you would like find out what is better to buy there is no obvious answer because buying stable coins you hazard much less but indisputably you expectation is much less too. On the other hand buying unstable coins you take high risk because such coins may aberrate significantly but it is possible to multiply own capital in several times.
So, if you would like find out what is better to buy there is no obvious answer because buying stable coins you hazard much less but indisputably you expectation is much less too. On the other hand buying unstable coins you take high risk because such coins may aberrate significantly but it is possible to multiply own capital in several times.
It is acceptable and I agree, but the coins / tokens are stable only slightly and I only know the usdc and usdt that I often use when bitcoin is falling in price
It's slightly though. Sometimes there's indeed the time when the price could be lower than it should actually be which is equal to $1 but the price is not far from $1 anyway and it still can be called stablecoin because the value is floating around that point and will not make the value of your assets change drastically within a night.It's still arguably the best alternative than cashing out to fiat and is less complex and cheaper when you think about it. Imagine when you need to save your wealth in cash and you still go through the complex mechanism of cashing out to your bank account when you just need it urgently.
I don't think I fully understand your post, is it that you are worried that another bullrun would encourage owners of bitcoin to sell their coins and this would congest the bitcoin network so you are advicing people to keep stablecoin instead so that it would be easier to convert directly to bitcoin instead of converting from fiat? If that's the case, then you might as well tell people to leave their BTC in a centralised exchange so that when they are transacting it in the bullrun, it wouldn't have a direct impact on the blockchain, but then again we all know the dangers of leaving our funds in a centralised exchange, don't we?
On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.
So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?
So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?
yes i think it can be a good alternative. and I'm sure some crypto traders have done this. save profits from trading crypto to stable I think is a great way to save our profits. because stable coins do not have volatility so we can own or spend all profits from our crypto assets. we don't need to worry about the risk of impairment. and if we need fiat money we can also sell it easily.
It is acceptable and I agree, but the coins / tokens are stable only slightly and I only know the usdc and usdt that I often use when bitcoin is falling in price
I think that's enough, there are indeed a few more stable coins. but the most popular one I think is indeed USDT. and one more asset that has not even been launched on the market (LIBRA). This stable coin is widely discussed by people even though it has not yet been traded. I guess many people are curious and waiting for how this coin will fight in the market because some large platforms support this coin. 
It is acceptable and I agree, but the coins / tokens are stable only slightly and I only know the usdc and usdt that I often use when bitcoin is falling in price
I mean, when can we use Stable coins as an alternative fiat.
Why would you want to? Unless you live in a country like Venezuela that's having an economic crisis and need an alternative to your local currency, there's no need to use a stable coin in place of cash. There isn't even a good reason to use bitcoin in my opinion, which functions better as an investment than money.Stable coins generate a lot of discussion, but they aren't very exciting to me and I still haven't figured out what their real function is except as a stand in for fiat and even then only on exchanges where a trader doesn't want to hold actual cash there. Is there really any other reason to hold a stable coin?
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